Based on the Bureau of Economic Analysis report released today, the U.S. economy shrank 0.1% annual rate in the fourth quarter, down from the 3.1% growth in the third quarter. “Advanced (preliminary) US GDP growth is down for Q4 2012! A very soft recovery is at all…and now higher taxes! Regulations, taxes, strangling economy!” says Tony Villamil, Founder and Principal of the Washington Economics Group (WEG) and Dean of the School of Business at St. Thomas University.
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